I also voted against. I cannot see how it would benefit to wait....

I also voted against. I cannot see how it would benefit to wait. However after a telephone conversation I had to the shareholder line I received better understanding.

As you have crops its not so easy just to take over the land. One school of thought is that you have an obligation to the scheme crops. However if the lease rentals are not paid than that makes a difference. Others say that this has to be dealt with and some of the TIM/GTP schemes are going to head to court.

What I am fearful of is that it gets uncovered that you cannot clearly establish the scheme investors. They have been given statements but if the cattle in GTP is anything to go by the record keeping was not the best. There has been a suggestion that the complexity of TIM has also made things difficult.

When I spoke to them they said that you will get a very low offer with scheme crops (trees and vines) on the land as there may well be claims. What they than said was that they would be trying to propose a split between the parties that favoured the Bonds and sell the package as a complete unit. Except of course the one farm that doesnt seem to work.

I have now had to decide to keep a more open mind.

Do some research look at the threads on the GTP forum. This is certainly not what I had envisaged nor what I read into the process. I thought we could just sell the assets as bonded as the growers were not paying rental. I think that situation was as we all thought but in fact they (I presume align) must have taken the larger shareholders aside and convinced them that it wasn't that simple.

The only disturbing thing is that TPIF also under the flag of align has just basically had the receivers take over the assets. Align said they were looking to put forward a proposal. So if they didnt get it sorted there are we just living in hope here?

Only hold TODHA and TIMHB and sentiment is bloody angry.